Federal authorities believe that venture capitalist Ifty Ahmed has fled the United States rather than stand trial for insider trading and fraud, according to new court documents. He also is accused of having attempted to “access certain of his assets” in violation of a partial asset freeze, causing the court to order a more expansive asset freeze that includes six real estate holdings.
Ahmed had been a general partner with Oak Investment Partners until April, when he was arrested for insider trading that was unrelated to his work with Oak. He was subsequently charged with fraud and self-dealing, related to deals that he had led on Oak’s behalf.
Oak originally put Ahmed on a leave of absence following the insider trading allegations, but later terminated him for cause after making internal discoveries that ultimately helped lead to the fraud charges.
It is unclear how Ahmed left the country, as court…
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